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CenterPoint Energy Resources Corp. -- Moody's upgrades CenterPoint Energy Resources to Baa1; outlook positive

Moody's Investors Service ("Moody's") upgraded the senior unsecured rating of CenterPoint Energy Resources Corp. (CERC) to Baa1 from Baa2 and affirmed its Prime-2 short-term rating for commercial paper. "The upgrade reflects the reduction in CERC's business risk effected through the internal spin of its GP and LP interests in Enable Midstream Partners to a new intermediate holding company - CenterPoint Energy Midstream" said Robert Petrosino, Moody's Vice President -- Senior Analyst.